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Capitalism works

September 19, 2012
The Mining Journal

To the Journal editor:

Has capitalism failed us? Absolutely not. If you look throughout human history, the world's standard of living has improved mainly through the private markets ability to produce products and services that benefit the consumer, make profit, and lift people out of poverty.

Unlike communism, fascism or socialism, capitalism makes business very hard in a way. Businesses are forced to compete vigorously against each other, on a truly fair playing field.

This means he with the best product and lowest prices, win. Ultimately the consumer wins.

True capitalism means allowing businesses to use our natural resources to the greatest of their ability, which benefits not only those who live in the U.S., but the entire world.

Mandating rules and regulations against businesses, not only creates unfair competition, but you will always end up with less options, higher prices and a less superior product, which hurts consumers.

There's a reason why the United States has the largest economy in the world.

Unbridled capitalism rewards hard work, benefits the consumer,and creates wealth and a higher standard of living for all people.

Seth Frederickson

Iron Mountain



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